Property Overview: 38 Bank Avenue, Glenwood, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home with a renovated basement, built in 1953 on a standard-sized lot in Winnipeg's Glenwood neighborhood. Its primary appeal lies in being a well-positioned, lower-maintenance entry point into the housing market. At 748 sqft, the living space is modest—smaller than most homes in Glenwood and significantly below the city average—making it a true starter home or a practical downsizing option.
The data reveals a compelling financial perspective: the home's assessed value ranks above average for both its street and neighborhood. This suggests it may offer good value relative to its immediate surroundings, potentially presenting an opportunity for buyers focused on location within a budget. The detached garage adds practical utility. This property would suit first-time buyers seeking affordability without sacrificing a renovated living space, or investors looking for a manageable rental property with a solid baseline value in a stable area.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 748 sqft, the living area is below the average for both the Glenwood neighborhood (1,015 sqft) and the city of Winnipeg (1,342 sqft). It is a compact, efficient layout.
2. What does the assessed value ranking indicate?
The home’s assessed value is above the average for Bank Avenue and the Glenwood area. This can indicate that the property holds its value well within its local context, though it is always one factor to consider alongside market conditions and the home's condition.
3. Is the basement finished?
Yes, the listing specifies the basement is renovated.
4. What is the lot size?
The lot is 4,247 sqft, which is around the average for the street and the neighborhood.
5. How can I find out the exact historical sale prices?
Exact sold prices are provided upon request via email. The publicly displayed data shows the sold price in April 2023 was in the range of $32.50k to $35.50k.